Navigating Challenges and Investor Rewards: Landmark Bancorp Ensures Steady Distribution amidst Changing Profits
Portfolio Pulse from Benzinga Insights
Landmark Bancorp (NASDAQ:LARK) is set to distribute a dividend of $0.21 per share on November 29, 2023, with a 5.00% annualized yield for shareholders recorded before November 14, 2023. The company has shown a steady increase in dividend per share from $0.80 in 2019 to $0.84 in 2022, reflecting a commitment to shareholder value. However, there's a decrease in earnings per share from $3.25 in 2019 to $2.25 in 2022, indicating a potential concern for future profitability and dividend sustainability. Landmark Bancorp's dividend yield is moderate compared to industry peers like First Guaranty Bancshares (NASDAQ:FGBI), which has a 6.77% yield.
November 29, 2023 | 3:05 pm
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NEUTRAL IMPACT
First Guaranty Bancshares has a higher annualized dividend yield of 6.77% compared to Landmark Bancorp, indicating a potentially more attractive dividend investment.
The mention of First Guaranty Bancshares' higher dividend yield serves as a comparative benchmark for Landmark Bancorp. It may not have a direct short-term impact on FGBI's stock price but provides context for investors comparing dividend yields within the industry.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Landmark Bancorp is maintaining its dividend payout at $0.21 per share with a 5.00% yield, despite a decrease in earnings per share from 2019 to 2022.
While the steady dividend payout reflects a commitment to shareholder returns, the decline in earnings per share could be a red flag for the sustainability of future dividends. The impact on the stock price is neutral in the short term as the market may have already priced in the dividend announcement and the earnings information.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100